Mendmyi Ltd

Mendmyi Ltd, based in London, UK, is a small, active company founded 13 years ago. With seven employees and £244,942 in assets, it operates from a virtual address—a detail worth noting as 28,629 other companies are registered at the same location. The business is led by a solo founder and director, Baker Riki Kim, and has a 5.0 Google rating from 94 reviews, a testament to its customer service. Mendmyi Ltd runs an e-commerce site and regularly imports electrical machinery and equipment, with 8 months of import activity recorded. It also operates in the repair of computers and peripheral equipment industries.

The company's website, mendmyi.co.uk, showcases a range of services, from Apple device repairs and refurbished electronics to computer and laptop servicing. It highlights fast, reliable repairs, qualified engineers, and a low-price guarantee, targeting both individual consumers and businesses. The site features a testimonials section brimming with positive feedback, praising the company's friendly staff, quick service, and competitive pricing. Mendmyi even offers specialized repair services for schools and businesses, including nationwide pickup and delivery. The site also has multiple store locations.

Financially, Mendmyi Ltd shows some concerning trends. Accumulated depreciation has decreased by 53%, which could be due to leased assets, but cash bank on hand has fallen significantly by 67%, leaving only £590. Bank borrowings have also decreased by 11%, to £24,000. While trade debtors have decreased by 25%, creditors have also decreased by 2.5%. The company’s small size—meeting two of three criteria for being considered small—helps it remain agile, but the decline in cash reserves and overall net assets (a 13% drop to £140,000) suggests it’s burning through money. With no auditor mentioned, the financial statements are unaudited.

The company's reliance on a single owner and director could also present a management risk, especially if Baker Riki Kim were to leave. Despite these challenges, Mendmyi Ltd's strong Google rating and positive customer feedback suggest it has a loyal customer base—a valuable asset in a competitive market.

Registered in England/Wales under the registration number 07705267, with a registered address at N1 7GU, England, London, 20-22 Wenlock Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.